The Boeing Company $BA Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC raised its holdings in The Boeing Company (NYSE:BA) by 52.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 931,464 shares of the aircraft producer’s stock after buying an additional 320,580 shares during the period. Renaissance Technologies LLC’s holdings in Boeing were worth $185,389,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Boeing in the third quarter valued at $25,000. Strive Financial Group LLC purchased a new position in Boeing in the fourth quarter valued at $25,000. Ares Financial Consulting LLC acquired a new position in Boeing during the 4th quarter worth $26,000. CrossGen Wealth LLC acquired a new position in Boeing during the 4th quarter worth $26,000. Finally, Strategic Wealth Advisors LLC purchased a new stake in Boeing during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BA shares. Wells Fargo & Company initiated coverage on Boeing in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price target on the stock. Citigroup boosted their price objective on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Morgan Stanley upped their target price on shares of Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Btg Pactual set a $260.00 target price on shares of Boeing in a report on Tuesday, July 14th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Boeing in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $261.53.

Insider Buying and Selling at Boeing

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $218.50 per share, with a total value of $299,345.00. Following the transaction, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $209.51 on Friday. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The firm has a market capitalization of $165.15 billion, a PE ratio of 101.70 and a beta of 1.21. The business’s fifty day moving average price is $219.35 and its 200 day moving average price is $224.35.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The business had revenue of $22.22 billion for the quarter, compared to analysts’ expectations of $22.15 billion. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm earned ($0.49) earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post -0.33 earnings per share for the current fiscal year.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing heads into earnings with a massive backlog of about $695 billion, giving investors visibility into years of future revenue and reinforcing the turnaround narrative. Boeing Has a $695B Backlog and Analysts See 29% Upside. Should You Buy Before July 28 Earnings?
• Positive Sentiment: Analysts see meaningful upside in BA, with some reports citing nearly 30% potential gains ahead of Q2 results, and prediction markets are leaning toward a beat. Boeing Has a $695B Backlog and Analysts See 29% Upside. Should You Buy Before July 28 Earnings?
• Positive Sentiment: Boeing is nearing FAA certification for the 737 Max 10, with more than 1,500 orders waiting for approval; that could support future deliveries if approvals come through. Boeing Nears Max 10 Certification With 1,500+ Orders Awaiting Approval
• Neutral Sentiment: Several previews highlighted improving commercial deliveries and production gains, but also flagged supply-chain bottlenecks that could affect revenue and cash flow in the near term. Buy, Hold or Sell Boeing Stock? Key Insights Ahead of Q2 Earnings
• Neutral Sentiment: News that Emirates will not take early 777-9 aircraft was viewed as a setback, but the market appeared to shrug it off given Boeing’s broader backlog and turnaround momentum. Emirates Will Not Take Early 777-9 Aircraft, Boeing Stock (NYSE:BA) Gains Regardless
• Negative Sentiment: China is reportedly seeking new terms on Boeing orders, creating uncertainty around a key international growth market and weighing on sentiment. China is said to seek new Boeing order terms, raising doubts on Trump-Xi deal

About Boeing

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.